Day: February 2, 2018

February 2
2018

EUR/USD Moves Down After NFP Rise Beyond Forecasts

EUR/USD declined today after US nonfarm payrolls rose more than markets participants had been anticipating. Other US economic indicators were good as well. While the currency pair has moved away from the day’s low by now, it is still trading far below the opening level. Nonfarm payrolls increased by 200k in January, exceeding the median forecast of 181k. The December increase was revised from 148k […]

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February 2
2018

British Pound Slips to New Lows on Weak UK Construction Data

The British pound today declined against the US dollar staring in the early European session after the release of disappointing UK construction data. The pound’s decline gained traction during the early North American session after the release of the US non-farm payrolls report. The GBP/USD currency pair lost over 140 points to decline from a daily high of 1.4278 to hit a low of 1.4135 in the American session. The currency pair was trading relatively flat […]

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February 2
2018

US Dollar Climbs Against Major Peers on Broad Job Gains in January

After spending most of the day trading sideways, the US dollar quickly climbed higher against most of its major peers on Friday following the latest update to jobs gain. Broad gains in the private sector and a record low unemployment rate provided the greenback with enough lift to break away from stale trading to erase most of the losses it had suffered yesterday. The private sector in the United States hired more workers than […]

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February 2
2018

NZ Dollar Falls with Building Permits

The New Zealand dollar fell today against most-traded counterparts, including the US dollar, against which the kiwi was rising during the previous three trading sessions. The New Zealand currency behaved somewhat similar to its Australian counterpart, though its behavior was easier to understand as New Zealand macroeconomic data turned out to be rather poor. Statistics New Zealand reported that seasonally adjusted building permits declined […]

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February 2
2018

Australian Dollar Doesn’t Find Help from Positive PPI

The Australian dollar declined against its major rivals today despite a positive economic report released in Australia during the current trading session. Australia’s Producer Price Index rose 0.6% in the December quarter of 2017 from the previous three months. That was a bigger increase than 0.4% predicted by analysts and 0.2% registered in the September quarter. Yet the Aussie did not respond to the helpful data, extending its drop. Market experts […]

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